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Search Results 100 to 105 of about 106
go with the resignation of mario monti. greece is higher. por sh gal is higher. spain is higher. it's a good day for -- investor sentiment.strongly it was revealed today. optimism over what the fed is going to do in the united states tomorrow. optimism there will be a deal on the fiscal cliff. you have optimism that the recapitalization of the banks is going to be delayed by another year according to the bank of italy. and you have optimism as well on mar of election promises as we now face the pros wekt of a much earlier election in italy. to that end it is fascinating. sylvia berlusconi has come out today warning about the germano center of politics. in other words, too much of a focus on what is happening from germany and the austerity inspired by angela merkel. in particular, he is drawing attention to this. which is the spread of the extra that investors demand to hold italian bonds over german bonds. i've shown this to you a couple times. over the last year it's been a mainstay of a lot of the italian business broadcasts internally. they say our bonds are currently trading so
the news of monti's resignation on monday. they've recovered from then. wanted to show the ibex 35, up .3% in spain. there was an italian debt auction that went over well. that's helping sentiment. the owner of zara, one of the strongest retailers in europe, out with sales. you see that their shares are down. even though their nine-month sales figure was up 17% year on year, they said so far in the fourth quarter that figure was slowing to something in the range of 15%. so still a strong set of figures from inbitex. if you're concerned about the consumer, but not as strong as we have seen in the past. that's what's happening in spain. i want to draw your attention -- use guys were talking about unions. here's a union story that tells something about the rebalancing in the eurozone. potentially germany. we know with the xetera dax up .3%. and almost 30% this year. investors see if the euro project hangs together, it's going to mean renation in germany. that is some wage inflation, some price inflation. the public sector union verde, powerful union, along with some others with its contract
. meanwhile, also worth mentioning that, after the sell-off we got on italian debt, where mario monti said he would resign over the weekend, today italy successfully went through an auction at the one-year level of debt. and you can see where people have viewed monday's sell-off as a huge opportunity. so the yields are heading down on the ten-year. just before i give you back to carl, i wanted to hand you a piece of research from goldman sachs. they have looked at what the eurozone crisis cost america in terms of growth. at the beginning of the year, they suggested they could knock 1% off potential gdp. and now they say they knocked three-quarters of a percent off growth here. half a percent was due to a general tightening of financial conditions. it's a very complicated set of calculations to get to that, but they have. half a percent of american growth is a result of weaker exports to europe. and the final thing that i think is very interesting. they say there's been a negligible impact on america due to what banks might be doing here. in other words, the european banks in new york, in bost
end of the bubble. right now i can kind of picture that scene in the "monty python" movie where they're like, bring out your dead. there are companies they want to ipo. companies like hilton. you have to think, 2013, six years since they were originally purchased by the private equity sponsors. probably time for them to try, at least, to get those companies out into the public markets. there are a number of them that have tried already, like toys r us. you maybe had them on the other day. >> yesterday, in fact. >> that thing is stuck. it ain't going anywhere. those are the types of things that the private equity firms want to get out in the market. >> toy was public, went private. now we talk about it going public one day again. you put that in a group along with via of names that could go if the economy is strong enough. >> my colleague and i, we talked about this. he says if the economy is really great, then maybe these things get out there. ment but a via, a low-growth business right now, purchased at the top of the market. so many of those privately backed companies that are just
monti has handed in his resignation. he promises to step down once the lawmakers pass the budget. they expect to meet with party leaders this weekend and dissolve the lower house and expect an election late february. monti led efforts to deal with italy's debt crisis. he appointed a cabinet of experts, not politicians. he pushed for structural reforms for over a year. he says the government has been hard to run since it lost support from the vice party led by prime minister berlusconi. he is expected to outline his ideas at a news conference this weekend. >>> the head of nato says syrian president bashir assad is acting like a desperate regime. he is condemning the syrian military for continuing with opposition forces. he said it justifies nato's mission to overcome turkey. it is a country which borders syria. >> the facts that such missiles are used in syria emphasizes the need for effective defense and protection of our ally, turkey. >> the united states, germany and the necessity netherlands we turkey with 200 personnel. they are expected to deploy the troops and artillery ear
monty, ha ha.shrem's vision for clos pegase is a place where you can contemplate a cabernet or drink in contemporary art. it's a labor of love, of course.a monument worthy of the greek gods, but friendly enough for just folk. there's more arts in wine country just ahead, one napa valley winery's tie to the arts.so this like thomas edison and bondage kind of thing. many wineries have art collections that you can view during a visit.but one winery in napa valley goes the extra mile...they have an "artist in residence".come along on our gallery tour and discover the works of artist gordon huether. wow man i'm lucky.. lucky, everyday is lucky.gordon huether doesn't sound like your typical tortured artist.. looking good.. looking good. maybe its because he's from napa..people expect you to be from new york or la, or something like that. i'm from napa and you just have to deal with it.as an artist, gordon delights in the unexpected. the way glass can distort images...look towards the bottom of sculpture, right? when you're walking. um, they start disappearing. oh they do!the way light re
Search Results 100 to 105 of about 106